Question & stion 4 The City of Richmond maintains a Public Employee Retirement Trust Fund for its public safety employees. During the year ended June 30, 2020, the following transactions occumed 1. The City contributed $ 1,400,000 in cash to the plan. Employee members contributed an additional $1,400,000. 2. Annuity benefits in the amount of $260,000 were recorded as liabilities. 3. Annuity benefits, previously recorded as liabilities, were paid in cash in the amount of $105,000 4. Investment income received in cash amounted to $117,000. In addition, $18,000 in interest receivable was accrued at year-end Additional investments in the amount of $2,100,000 were purchased The market value of investments decreased by $10,465. ed: journal entries for the above transactions on the books of the City of Richmond Public Safety Employee Retirement Trust Fund solbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). U S Paragraph v Arial 10pt xx >TT TT < - !!! A ST * < T. K 88 (1) BE